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XRP / Euro

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XRPEUR trade ideas

XRP/EUR buy from 1.60 targets 3.50 then 4.50 then 7.20 EuroXRP has been retracing a bit after a nice bullish run. For a change I have made this XRP/EUR chart because XRP gets traded against more and more fiat pairs, as well as other cryptocurrencies. Maybe also my European XRP followers are waiting for this update. As everybody normally shares the USD or BTC chart of XRP. We can see a clear retest of 1.60 from where new buying can come in. Fibonacci shows me the way towards extension levels 23.6 and 61.8 and 161.8 which through history are very accurate. This lines up with the prices of 3.50 Euro, 4.50 Euro then up towards 7.20 Euro for the next legged move. Like this you will see XRP keep on going making new highs.
Long
by TradeReact
#XRPEUR has been building up a solid uptrend channelHello all, According to XRP prior moves, this is one of the cryptocurrency to pay close attention to this year. We can see this crypto has been building a solid uptrend channel against the euro and it's likely to break the 4H linear resistance. Once the linear resistance is gone the next ceiling can be expected at the channel resistance again. That area shows perfect confluence with the measured move as you can see. Before we call yellow bananas the swing high needs to be broken. Most of you traders know we don't care about fundamentals and in the crypto world this is even more important. It's all about coin strength, team, potential and supply vs. demand. Good luck!
Long
by Valesco_Trading_Group
14
Optimistic Repeating PatternXRP is still strong as no fundamental information has changed (technologically useful for banks, used by credit companies, rumors about entering Coinbase). As we have seen in the previous movements the correction went between 61,8 - 50 % fibonacci. Then a little consolidation sidewards before the next upward movement begins. In my chart you can see the fibonacci retracement levels and time which I made for the previous and the current movement. According to this we will aim for a correction price range from 2,10 to 2,40 €, thats your dip (blue). I guess we will see another consolidation sideward movement for tomorrow before it has to be decided in which direction it will move on, which will be up to around 3,25 € according to the overall trend, thats your target (green top). Nevertheless, do not forget to set a stop loss limit below the green support or trend line. If this support breaks and shortly afterwars the bottom upward trend line breaks, we will see a much further movement downwards to 1,63 or even 0,83 €.
Long
by tarzibou
3